Once again, Vancouver -- The king of schlocky Canadian 'made for TV' movies has done it again. Yet another movie made as a tax write-off for wealthy or semi-wealthy investors. Gotta hide that money somewhere, eh fat cats? As for the movie;
It was made to be bad and to lose money (for tax loss purposes) and on that level I applaud it. It's certainly a terrible movie and I have to hand it to the producers -- they accomplished everything they set out to make; a terrible money-losing movie. Bravo! Well done!
---------------------------------
The British Columbia Production Services Tax Credit (PSTC) encourages film, television and animation production in BC and is available to either international or Canadian productions produced in British Columbia.
There are four components:
The basic PSTC tax credit is 33% of qualified BC labour expenditures incurred after February 28, 2010.
The REGIONAL tax credit is 6% of qualified BC labour expenditures of the corporation pro-rated by the number of days of principal photography in BC outside of the designated Vancouver area to the total days of principal photography in BC.
The new DISTANT Location tax credit is 6% and is added to the regional tax credit for principal photography done outside of the Lower Mainland Region, north of Whistler and east of Hope, excluding the Capital Regional District.
DIGITAL ANIMATION or VISUAL EFFECTS tax credit is 17.5% of BC labour expenditures directly attributable to digital animation or visual effects activities.
It was made to be bad and to lose money (for tax loss purposes) and on that level I applaud it. It's certainly a terrible movie and I have to hand it to the producers -- they accomplished everything they set out to make; a terrible money-losing movie. Bravo! Well done!
---------------------------------
The British Columbia Production Services Tax Credit (PSTC) encourages film, television and animation production in BC and is available to either international or Canadian productions produced in British Columbia.
There are four components:
The basic PSTC tax credit is 33% of qualified BC labour expenditures incurred after February 28, 2010.
The REGIONAL tax credit is 6% of qualified BC labour expenditures of the corporation pro-rated by the number of days of principal photography in BC outside of the designated Vancouver area to the total days of principal photography in BC.
The new DISTANT Location tax credit is 6% and is added to the regional tax credit for principal photography done outside of the Lower Mainland Region, north of Whistler and east of Hope, excluding the Capital Regional District.
DIGITAL ANIMATION or VISUAL EFFECTS tax credit is 17.5% of BC labour expenditures directly attributable to digital animation or visual effects activities.